Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Next Webinar (7/17): Technologies for your equipment financing business
    • Webinar Library
Log In
No Result
View All Result
  • Dealers
  • Lenders
  • Transportation
  • Agriculture
  • Construction
  • Materials Handling
  • Rentals
  • Compliance
  • Data Analysis
Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Next Webinar (7/17): Technologies for your equipment financing business
    • Webinar Library
No Result
View All Result
Equipment Finance News
No Result
View All Result

Commercial Industrial Finance rebrands as Republic Bank Finance

Republic Bank acquired CIF parent CBank in March

Johnnie Martinez IIbyJohnnie Martinez II
July 11, 2023
in Lender Operations
Reading Time: 2 mins read
0
Share on FacebookShare on LinkedIn

Commercial Industrial Finance announced this month it is rebranding as Republic Bank Finance following completion of a merger. 

Louisville, Ky.-based Republic Bank acquired Cincinnati-based CBank and its St. Louis-based subsidiary Commercial Industrial Finance (CIF) on March 15, according to a Republic Bank release. CIF is now a wholly owned subsidiary of Republic Bank. 

Scott Hawkins will remain the president in the new Republic Bank Finance.
Courtesy of Republic Bank

“Our platform is really complementing Republic Bank,” Scott Hawkins, president of Republic Bank Finance, told Equipment Finance News. Hawkins was named president and chief executive of CIF in September 2014 and will continue as president at Republic Bank Finance, which plans to continue CIF’s increased sales performance and 20% growth during the first half of 2023.

“The larger banks are looking at credit and the impact of the bank failures, so they’re being watched by the [Federal Reserve] pretty hard right now, and they’re going to start tightening up just to make sure they got a AAA credit underwriting policy,” he said. “In our world, we’re aggressive. … Sales are up this year, so we’re happy.” 

Republic Bank Finance will retain the top-down approach to equipment finance that CIF used for more than 20 years, Hawkins said.

“We finance capital equipment. … We create a finance program for the manufacturer and that manufacturer takes our finance program and pushes that down through their distribution,” he said. “When distributors are selling the manufacturer’s product, they also have a finance piece that goes along with it, and that’s us.”

Resources post-merger

Republic Bank Finance will benefit from an increase in resources following the merger, Hawkins said. 

Republic “is a bigger bank, so we’re benefiting from their technology and we’re benefiting from their other departments, [such as] the marketing and technology,” he said. “We are benefiting from a larger organization’s resources.” 

Republic Bank had $6.1 billion assets under management as of March 31, according to the company’s first-quarter earnings report, with the bank set to include Republic Bank Finance in its second-quarter earnings. CBank had total assets of about $271 million with total gross loans of about $214 million and total deposits of about$240 million, as of September 30, 2022, according to a Republic Bank release.  

Tags: equipment financeFederal Reservemergers & acquisitionsregional bankstechnology
Previous Post

4 best practices for fraud prevention

Next Post

NY commercial finance requirements pared back

Related Posts

PACCAR Financial Services revenue jumps on increased deliveries
Lender Operations

5 questions with … Paccar Leasing President Ken Roemer

July 14, 2025
Construction financing sparked by vocational truck demand
Lender Operations

Construction financing sparked by vocational truck demand

July 11, 2025
Construction site of Foxconn Technology Group's new factory in the Quang Chau Industrial Park, in Viet Yen District, Bac Giang Province, Vietnam, on Thursday, July 13, 2023. Vietnam has seen a fourfold increase in companies assembling Apple products over the past decade.
Lender Operations

Heavy machinery prices rise as tariff concerns persist

July 10, 2025
Next Post
Still, New york city manhattan skyline aerial view with empire state and skyscrapers

NY commercial finance requirements pared back

Proud Member Of

Check Out Our Industry Event

Stay Informed With Our 8 Newsletters

The Dig Podcast

Dealer Operations

US farm recovery not expected until 2026 as crop prices stay low

Dealers offer longer terms, skip payments amid farmer woes

July 7, 2025
A Tractor Retailer Ahead Of Caterpillar Earnings Figures

Cat dealer Finning appoints Primrose CFO

June 30, 2025
Equipment Finance News welcomes industry leaders for tech webinar

Equipment Finance News welcomes industry leaders for tech webinar

June 30, 2025
  • About Us
  • Advertise
  • Contact Us
  • Privacy Terms
  • ADA Compliance

 Manage Cookie Consent

Connect with us

© 2025 Royal MediaRoyal Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • All News
    • Dealers
    • Lenders
    • Transportation
    • Agriculture
    • Construction
    • Material Handling
    • Rentals
    • Compliance
    • Data Analysis
  • Event
  • Data
  • Features
  • Lender Directory
  • Podcast
  • Webinars
    • Webinar Library

© 2025 Royal MediaRoyal Media

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
Save & Accept